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Dec 5, 2012
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so far - no een >>> tensions over tax hikes and spending cuts have left the "fiscal cliff" talks all but frozen. so far no face-to-face meetings have been scheduled between the democrats and republicans. cbs reporter danielle nottingham with the president's push now to sell his plan to american businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles. >> reporter: if no deal is reached between democrats and republicans before the end of the year, taxes will go up for everyone and automatic spending cuts will kick in. the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited smal
so far - no een >>> tensions over tax hikes and spending cuts have left the "fiscal cliff" talks all but frozen. so far no face-to-face meetings have been scheduled between the democrats and republicans. cbs reporter danielle nottingham with the president's push now to sell his plan to american businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the...
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Dec 10, 2012
12/12
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some -- fiscal cliff. some say they are willing to go along with the tax plan to raise taxes on wealthy americans. >>> they are estimating they will process more than 200 packages per second. brian flores joins us for this record-breaking day, my goodness, i feel like i am behind if i don't get my packages out today. >> reporter: that may be the case but yes, 19 packages overall that started on thanksgiving and i can't believe christmas is already two and a half weeks away but look, many of these pack ands are here and they may be going to homes in the area. to talk about more how this process goes, he is the operations manager here for fedex. good morning, very busy out there. thanks for coming. here we are busiest day of the year, we have 110 employees looking to move out all of the packages and we have our full staff of people getting packages out that we pick up this afternoon. >> we understand this is actually the busiest shopping day and how are you guys preparing and getting ready? >> well, it's all
some -- fiscal cliff. some say they are willing to go along with the tax plan to raise taxes on wealthy americans. >>> they are estimating they will process more than 200 packages per second. brian flores joins us for this record-breaking day, my goodness, i feel like i am behind if i don't get my packages out today. >> reporter: that may be the case but yes, 19 packages overall that started on thanksgiving and i can't believe christmas is already two and a half weeks away but...
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Dec 6, 2012
12/12
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KPIX
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for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs and with 26 days until that deadline, the painful reality is just becoming more clear. >> at 3:00, they want to start us closing on wednesday at noon. >> reporter: a social security employee for 30 years he is joining fellow federal workers across the u.s. to spread the word that the "fiscal cliff" is looming and at stake, social security benefits for millions. >> they seem to go for the people who had the least political pull, poor, disabled, people in east oakland. >> reporter: people like a social secure recipient who relies on every federal dollar. if these benefits were to be cut how would this affect you and your frien
for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose about 200,000 jobs...
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Dec 10, 2012
12/12
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KRON
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apple has done well and is going to the end the year with the fiscal cliff with the tax increase issues. mcdonald's not so much. their sales are up 2.4%. then about 14,100 stores and united states. they did surprisingly well with the chatter on and bacon sandwich. the keep innovating products. i know you're saying tedder bacon and onion is not innovative and someone who is walking into mcdowell said does not watch television can see that they get a soda for a dollar. this will hurt other competitors. mcdonald's is for a long-term patient investor. not for someone with diabetes ends not for some with cholesterol. >> facebook is down to 19. they have had a nice run. this whole thing with is the gramm and twitter and people on twitter are really upset that there is the gramm pictures are no longer showing up inside twitter. is this in the face with a bid to curb the competition? >> it's kind of like a fight. facebook owns and said gramm and imagine he has p.m. being shown on television for free. it is not going happen. and saddam will not be on twitter anymore. these two big companies are
apple has done well and is going to the end the year with the fiscal cliff with the tax increase issues. mcdonald's not so much. their sales are up 2.4%. then about 14,100 stores and united states. they did surprisingly well with the chatter on and bacon sandwich. the keep innovating products. i know you're saying tedder bacon and onion is not innovative and someone who is walking into mcdowell said does not watch television can see that they get a soda for a dollar. this will hurt other...
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Dec 8, 2012
12/12
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we take a look at how the fiscal cliff will directly affect our state if an agreement isn't reached. the biggest thing on the chopping block. hundreds of thousands of jobs! plus. it's 71 years to the day japan launched a deadlywe honor the veterans who lost their lives in that attack. >> heigthe high-tech break your budget and now dollars in gross state product. it would also mean the loss of 225-thousand jobs. and about 400,000 unemployed californians would stop getting checks at the end of the year. return "when it comes to the fiscal cliff that is threatening our economy and threatening jobs the white house has for the president if he's with a counter offer." >> congressional republicans days and counting to work will take effect. r today marks the 71st anniversary of japan's deadly attack on pearl a 21 gun salute. 7th, 1941. >>jacqueline: on 60s to cupertino, also 60s for the inland valleys. 60s in livermore, concord, and a low 60s for the east bayshore. along the coast, 60s in ocean beach. 60s for the north bay and with a look at your extended forecast areas of fog in the north
we take a look at how the fiscal cliff will directly affect our state if an agreement isn't reached. the biggest thing on the chopping block. hundreds of thousands of jobs! plus. it's 71 years to the day japan launched a deadlywe honor the veterans who lost their lives in that attack. >> heigthe high-tech break your budget and now dollars in gross state product. it would also mean the loss of 225-thousand jobs. and about 400,000 unemployed californians would stop getting checks at the end...
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Dec 6, 2012
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they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on capitol hill in an effort to dlsh there has been talk of capping the deduction but nonprofit leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of americans instead. >>> government regulators are taking action against a baby recline
they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on...
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Dec 5, 2012
12/12
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cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of a
cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in...
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Dec 11, 2012
12/12
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KRON
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. >> an update on the fiscal cliff the federal reserve is expected and on buying plan that would soften the blow from tax increases and spending cuts that would go into effect in january if congress cannot reach a deal. the white house and republicans are not selling any outward signs of yielding. house speaker john bennett says he is waiting for the president to identify the spending cuts he is willing to make-that senator johntoday, authorities will. >> those with and it could rally in san francisco says no more tax cuts for the rich save medicare and medicaid and those benefits. the protesters say if congress does not reach a deal in the country goes over the cliff 98 percent of americans will pay $2,000 more in taxes. >> in terms of the tax increases on the wealthiest we obviously need more money revenues in the economy. they have had a wonderful break for the last 10 years in this time to share the sacrifice that the middle class and the working people have been doing for all this time. >> a controversy is unfolding at a north bay school district concerning the school meal program.
. >> an update on the fiscal cliff the federal reserve is expected and on buying plan that would soften the blow from tax increases and spending cuts that would go into effect in january if congress cannot reach a deal. the white house and republicans are not selling any outward signs of yielding. house speaker john bennett says he is waiting for the president to identify the spending cuts he is willing to make-that senator johntoday, authorities will. >> those with and it could...
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Dec 10, 2012
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. >>> they are asking auto workers to avoid the fiscal cliff. the president will chair, after rallying for his support plan. they are raising taxes to help reduce the federal deficit. president barack obama met privately with house speaker john boehner over the weekend. it was the first meeting on the fiscal cliff crisis and the new point of views some are now expenses. runders -- renters may be dealt with by san francisco landlords. they would have to find out if it is option until. if passed it will move tonight full board.$♪. >> legislative leaders are holding a vigil to protect funding for a job center in west oakland. they say jobs and unemployment is key to is keeping few vince town because of an opposition to put up and they are expected to track that is -- thousands of dollars. >>> they could decide to cut the amount of medical marijuana a patient can have. supervisors will consider a proposal to scrap guidelines to allow medical marijuana to have more than 30 plants. the new proposal will allow to the state limit of 6 mature plant and
. >>> they are asking auto workers to avoid the fiscal cliff. the president will chair, after rallying for his support plan. they are raising taxes to help reduce the federal deficit. president barack obama met privately with house speaker john boehner over the weekend. it was the first meeting on the fiscal cliff crisis and the new point of views some are now expenses. runders -- renters may be dealt with by san francisco landlords. they would have to find out if it is option until....
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Dec 10, 2012
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before the end of the year, tax increases and spending cuts will go into effect. some analysts say could push the economy back into recession. >> the latest count finds the number of homeless people stayed about the sanctions in january of 2011 and january 2012. the house and other rebel the provinces a sluggish economy as some what countered affect the house the homeless that numbered being around 633,000 people. the percentage of homeless vets as well as those homes for more than a year each dropped by 7 percent. the obama administration has set a goal of eliminating homeless veterans and chronic homeless as by the end of 2015. >> coastal communities destroyed by superstar on sandy are rushing to rebuild their boardwalk in time for next summer. they are in a race to finish by the end of may to retain tourist money they will need next year. seaside heights, new jersey gets about 75% of its budget for tourism. sounds like bellmawr, new jersey in spending around $2 million to rebuild its boardwalk. new york mayor michael bloomberg said no new wooden or what should
before the end of the year, tax increases and spending cuts will go into effect. some analysts say could push the economy back into recession. >> the latest count finds the number of homeless people stayed about the sanctions in january of 2011 and january 2012. the house and other rebel the provinces a sluggish economy as some what countered affect the house the homeless that numbered being around 633,000 people. the percentage of homeless vets as well as those homes for more than a year...
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Dec 13, 2012
12/12
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are hear from congressional leaders about the fiscal cliff crisis. business executives are demanding a deal immediately. >> reporter: dave, more than 160 chief executives just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu channel 2 morning news. >>> we are learning new information about the plane crash killing jenny rivera. their learjet went down in northern new mexico . according to the los angeles times, an executive is accused of faking safety records of the planes he bought and rivera was in the final stables of buying. the. >>> the driver said his car got stuck on the train tracks. they were heading to sacramento and was not going very fast at the time of the clicks. fortunately nobody was hurt. >>> time now 6:16, ordering online may seem like an easy way to shop but a lot of peopl
are hear from congressional leaders about the fiscal cliff crisis. business executives are demanding a deal immediately. >> reporter: dave, more than 160 chief executives just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu...
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Dec 10, 2012
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cliff. what does it mean for you? ahead how it could affect what you eat and what some groups are doing right now just in case. >>> plus, a dry weekend but more rain could be on the way. sandy patel is up next with the forecast. >> mike: the 49ers should be running away from teams like the dolphins but they let them hang around, and colin kaepernick does what he does bes >> ama: president barack obama and house speaker john boehner met today to discuss the impending fiscal cliff. they're trying to find a deficit cutting deal to stop a combination of tax increases and spending cut to kick in. some government agencies are making contingency plans. here's that part of the story. >> preparing for the holidays is a reminder of something else just around the kosher, a -- corner, fiscal cliff deadline that is permanent here. >> i can't imagine funding being cut. it would be tragic. >> she is worried mandatory budget cuts would hurt food safety inspection. >> he was in the hospital for three weeks.
cliff. what does it mean for you? ahead how it could affect what you eat and what some groups are doing right now just in case. >>> plus, a dry weekend but more rain could be on the way. sandy patel is up next with the forecast. >> mike: the 49ers should be running away from teams like the dolphins but they let them hang around, and colin kaepernick does what he does bes >> ama: president barack obama and house speaker john boehner met today to discuss the impending fiscal...
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Dec 13, 2012
12/12
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let's assume we go through the fiscal cliff, immigration, corporate tax reform, and investments. immigration, you are not going to do just a dream act, but you have to do a comprehensive immigration or you don't. george bush, john mccain, ted kennedy. then they decided to sabotage it. republicans of learned a lesson this time, but i'm not sure how much. corporate tax reform, i covered the 1985-1986 act. that was financed through corporate tax increase. they had the most skillful treasury secretary. people on both sides willing to work with the white house and congress. third, when you talk about infrastructure spending, investments, and things we done with n.i.h and national science foundation, all the talk now is about debt. so how do you do what they envisioned? >> once we get over the fiscal cliff we will have the discussion on the debt ceiling again in january. >> story. >> so we're not calling to get away from somewhat of a doomsday scenario for quite some time, which would allow his position. but i do think it is important, because the priorities that glenn outlined are not
let's assume we go through the fiscal cliff, immigration, corporate tax reform, and investments. immigration, you are not going to do just a dream act, but you have to do a comprehensive immigration or you don't. george bush, john mccain, ted kennedy. then they decided to sabotage it. republicans of learned a lesson this time, but i'm not sure how much. corporate tax reform, i covered the 1985-1986 act. that was financed through corporate tax increase. they had the most skillful treasury...
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Dec 12, 2012
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area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad lower in san jose. if democrats and republicans don't reach an agreement by the end of this year. >>> on wall street stocks rose for a fifth consecutive day. the dow industrial gained 78 points, nasdaq gained 35 led by apple's 2% gain. >>> some immigrant students could soon have their dreams of a college education become reality thanks to a big gift to uc berkeley. today uc berkeley announced a $1 million gift to provide scholarships for low-income, undocumented students. the students qualify for state financial aid but not federal grants or loans. undocumented immigrants and counselors say new money will help fill that gap. >> money to go to school, money to, like, you know, pay for your rent, money to buy food. >> what it tells our stunts that if you work hard and you get into uc berkeley, now you have support. >> uc officials say they plan to work with other colleges in california to help them build programs for undocumented students. >>> the biggest tides of the year
area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad lower in san jose. if democrats and republicans don't reach an agreement by the end of this year. >>> on wall street stocks rose for a fifth consecutive day. the dow industrial gained 78 points, nasdaq gained 35 led by apple's 2% gain. >>> some immigrant students could soon have their dreams of a college education become reality thanks to a big gift to uc berkeley. today uc...
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Dec 13, 2012
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. >>> the blame game continues with the "fiscal cliff" negotiations. democrats and republicans are at a standstill over how to stop a flurry of year end tax increases and spending cuts. cbs reporter tara mergener explains how capitol hill is preparing for the worst-case scenario. >> washington, d.c., december 13, 2012. >> reporter: cbs news has learned lawmakers are receiving orders today to cut their own budgets 11%. it's congress' first encounter with the consequences of going over the "fiscal cliff." without a compromise, across- the-board spending cuts will kick in and taxes for all americans will go up on january 1. with little progress being reported, frustration is mounting on capitol hill. >> if we don't act, the economy will go over the cliff. not just our budget process. the economy will go over the cliff. >> reporter: the sticking points remain the same. the president wants higher taxes for the wealthiest americans. republicans are insisting on deeper spending cuts. >> republicans want to solve this problem by getting the spending line down.
. >>> the blame game continues with the "fiscal cliff" negotiations. democrats and republicans are at a standstill over how to stop a flurry of year end tax increases and spending cuts. cbs reporter tara mergener explains how capitol hill is preparing for the worst-case scenario. >> washington, d.c., december 13, 2012. >> reporter: cbs news has learned lawmakers are receiving orders today to cut their own budgets 11%. it's congress' first encounter with the...
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on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best med
on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's...
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more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job openings rose by 128,000 to 3.68 million in october that is the most since june. and in a separate report last friday, the government said employers added 168,000 jobs last month. >>> michigan became the 24th state in the united states to pass right to work laws. hundreds of union members rallied at the state capital in lansing. michigan is a union stronghold where the united auto workers were founded. the bill was voted by rick schneider. they ban unions from requiring private or public sector workers to join the union as part of their employment. this new law will result in lo
more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job...
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Dec 7, 2012
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the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion. even if they confiscate all of the income that excesses $1 million, we cannot pay for the entitlement commitments that the federal government has made. we have made promises to ourselves that we simply cannot keep. without some sensible entitlement reform, our credit rating will be downgraded again. we will become a country that none of us recognize. secondly, fiscal plans failed to achieve their government budget deficit or debt reduction goals. dr. hassett has examined fiscal plans in other countries. on average, unsuccessful plans proposed an inc
the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp....
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it's part of the president's -- on the fiscal cliff. it's part of the president's plan to help raise taxes on the 2% of wealthy americans. >>> and president obama met privately with house speaker john boehner at the white house over the weekend. it was their first one-on-one meeting since the crisis. >>> 8:06. a federal judge expected to approve a plan to give control of the oakland police department to a court-appointed director. this comes after oakland failed to meet a federal judge's order to make reforms agreed to in the settlement of the riders police brutality case. the director will have the power to spend city money, change police procedures and if the police department continues to fail to make reforms even fire the police chief. >>> well, a man accused of shooting and killing a driver in a road-rage incident is talking now. brian jones is in the sacramento county jail. now, he admitted he fired shots at another driver in sacramento. it happened after jones says his sister said she was being followed by someone she didn't know
it's part of the president's -- on the fiscal cliff. it's part of the president's plan to help raise taxes on the 2% of wealthy americans. >>> and president obama met privately with house speaker john boehner at the white house over the weekend. it was their first one-on-one meeting since the crisis. >>> 8:06. a federal judge expected to approve a plan to give control of the oakland police department to a court-appointed director. this comes after oakland failed to meet a...
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throw the fiscal cliff which could potentially raise taxes dramatically. that is big reason we see a lot of consumers aren't spending as much. a lot of companies are not hiring. you're not seeing unemployment fall. we don't know. this $63 again doesn't sound like a lot of money. i'm not going to be surprised next couple years if we see a lot more of these fees really sneaking up on us. i love the administration, say most likely will go away unless congress extends it. how much do we see it could end up being twice as much. martha: you can't see congress going, oh, my gosh, 2017, time to bring back the $63, it's done, not going to happen? thinking around the holiday thinking but know that will not happen. martha: anyone can find an example where congress said, you know what, we shouldn't have this money anymore, please tweet me @marthamaccallum. remind me. that will be inspiring moment. matt, thank you. you're busy this time of year. everybody is doing everything they can to avoid changes at the beginning of the year. good to see you. >> thanks. bill: time
throw the fiscal cliff which could potentially raise taxes dramatically. that is big reason we see a lot of consumers aren't spending as much. a lot of companies are not hiring. you're not seeing unemployment fall. we don't know. this $63 again doesn't sound like a lot of money. i'm not going to be surprised next couple years if we see a lot more of these fees really sneaking up on us. i love the administration, say most likely will go away unless congress extends it. how much do we see it...
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cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a tentative agreement. the eight day strike prevented shippers from delivering goods with slips stacked up off shore. it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase wha
cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a...
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. >>> the "fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2% but president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is considering a presiden
. >>> the "fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2% but president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. >> we are going to stay here right up until christmas eve throughout the time and...
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cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that could at least soften the blow from tax increases and spending cuts that will all kick in next month if they don't reach a budget deal. >>> a san francisco-based bank loses its top spot as far as keeping its customers happy. wells fargo has slipped to second place behind jpmorgan chase when it comes to customer satisfaction among big banks. it's the first time in a decade that wells fargo has not ranked number one in the american customer satisfaction index. bank of america's rating is also down to a ten-year low. >>>
cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that...
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as david pointed out, the fiscal cliff is more than the massive tax increases and the spending cuts. it's also about a number of other things including an extended unemployment benefits and the dock fix and so -- doc fix and so forth. there's a number of things that really need to be addressed, but as i think, this discussion is not about the fiscal cliff per se because if congress and president come together quickly and pass a bill very easy that puts off of the fiscal cliff, either in large period of time or indefinitely. it really is about making a down payment as both rudy and david have said on closing deficits in the future, but i would say it's also really about the president's campaign, not just in the past election, but the first -- his first election to hike taxes on the successful. that's really what this boils down to. i think we absolutely have to see some real leadership, though, on the more longer term budget unsustainable issues. what we don't need is campaigning. what we don't need is negotiating in the political theater. when we see that stop, then, perhaps, we'll k
as david pointed out, the fiscal cliff is more than the massive tax increases and the spending cuts. it's also about a number of other things including an extended unemployment benefits and the dock fix and so -- doc fix and so forth. there's a number of things that really need to be addressed, but as i think, this discussion is not about the fiscal cliff per se because if congress and president come together quickly and pass a bill very easy that puts off of the fiscal cliff, either in large...
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. >>> they are talking about the fiscal cliff but no word of any significant progress. this comes as another republican says he is willing to break ranks on the standoff. he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line here in california. pam for months, pentagon leaders are insisting they are not preparing for major cuts but that's all changing under orders from the white house and they are starting to think about how they will face part of their budget. leon panetta said the cuts will be devastating to our national defense. experts predict, 1 in 5 in california will be lost. no now the arrow space reports -- now the arrow space reports 13 5,000 jobs will be lost along with 9,000 agency jobs for a total of 22 5,000 jobs lost in california over the next few years. the pentagon has said, the army would likely face th
. >>> they are talking about the fiscal cliff but no word of any significant progress. this comes as another republican says he is willing to break ranks on the standoff. he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line...
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. >>> the "fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2%. president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year end tax planning, as well. >> but there are plenty of actions to take starting with changes of tax laws that expire at the and of the year. jill schlesinger, editor at large for cbsmoneywatch.com joins us now with information on tax laws that expire at the end of the year. >> good morning. >> first start with people trying to reduce their mortgage debt. >> reporter: this is really interesting because homeowners w
. >>> the "fiscal cliff" is fast approaching but the stalemate in washington continues. the white house is still demanding tax hikes on the top 2%. president obama did lower the amount from 1.6 to $1.4 trillion. republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke...
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she wrote concerned about tax increases and this fiscal cliff. she said, "the middle class is the heart and soul of this country. what keeps it going and growing? what else can we be hit with? i know i cannot take anything more on financially." so my first call today, madam president, is let's give deborah and families like hers in delaware and around the country the serntle before we end this -- the certainty before we end this calendar year of knowing their taxes will not go up in 26 days when the calendar turns to 201. one way to do that is for the moushouse to take up the legisln that this body has already considered in a bipartisan way that would extend the tax cuts for 98% of families and 97% of small businesses while also achieving nearly d is trillion of debt and deficit reduction. this bill extends tax cuts that would otherwise expire for all americans who earn income and for all small businesses, but just on the first $250,000. tax ratetax rates on income abot would revert to tax rates during the clinton administration. this one step wo
she wrote concerned about tax increases and this fiscal cliff. she said, "the middle class is the heart and soul of this country. what keeps it going and growing? what else can we be hit with? i know i cannot take anything more on financially." so my first call today, madam president, is let's give deborah and families like hers in delaware and around the country the serntle before we end this -- the certainty before we end this calendar year of knowing their taxes will not go up in...
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cliff in a this side seems willing to bend. the president insisting that the expiring tax cuts be renewed for all but the wealthiest americans. the republicans insisting they're deeper cuts in entitlement programs like medicare. neither side has given the very many specifics of what they plan to cut. a likely compromise would include tax increases on the top tax bracket from 35 to 37%. and cigna because the medicare and the debt ceiling is also looming in these talks. the treasury saying the u.s. is likely to hit its 16 part 4 trillion dollar debt limit by the end the year. the treasury could use of credit measures that would stave off any u.s. debt default until mid february. a lot to deal with for congress. they have to get a deal done. they really only have the next week and half before they go on recess. as far as where the talks are right now? they are nowhere. >> we will be back in a couple of minutes. watching wall street the dow finished with a modest gain of 15 points. dow futures are up 35 ahead of the opening bell. w
cliff in a this side seems willing to bend. the president insisting that the expiring tax cuts be renewed for all but the wealthiest americans. the republicans insisting they're deeper cuts in entitlement programs like medicare. neither side has given the very many specifics of what they plan to cut. a likely compromise would include tax increases on the top tax bracket from 35 to 37%. and cigna because the medicare and the debt ceiling is also looming in these talks. the treasury saying the...
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cliff. he will hold a conference call today with a bar partisan group of mayors and community leaders to talk about preventing an income tax increase on middle class families while finding ways to reduce the deficit. >> watching on wall street we have to dial up period watching wall street. joining us now to talk about the market's is rob black. >> wall street is focused on low evaluations and they are just waiting if there is a fiscal cliff. >> facebook today, is one of the listing. do we expect to see any swings? >> good question. i think this helps face books stock. they are now up to $28 a share. investors with their 401k choose to 10%. more and more people own the stock and this is a good thing for the shares of the company. i i do not look for a lot of drama to come from this. this is a big oversized company and i am-- >> nine days until the end of the earth. this is as bad as the fiscal cliff. >> let's talk about was born on with the oil. the opec oil is up and we did have a analysts
cliff. he will hold a conference call today with a bar partisan group of mayors and community leaders to talk about preventing an income tax increase on middle class families while finding ways to reduce the deficit. >> watching on wall street we have to dial up period watching wall street. joining us now to talk about the market's is rob black. >> wall street is focused on low evaluations and they are just waiting if there is a fiscal cliff. >> facebook today, is one of the...
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you've heard of fiscal cliff. have you heard about the apple tax. u.s. households spent $444 on apple products last year up from $155 years ago. story from reuters calls it the apple tax. median american income over $50,000 a year, which means $444 is a big chunk to wind up in the cupertino coffers of apple. unlike other taxes this is voluntary. >>> one family's tragedy inspires another's goodwill. now the two are united in promoting organ donations. 18-year-old alfonso garcia was given days toly two years ago when his -- two years ago. the two families are honoring george by decorating and writing a quote in this year's tournament of roses parade. >> i hold them in such a high place he's my hero and will always be my hero. i do this for his parents. >> it makes me want to do more as i have climbed out of my grief. >> parade float feature the likeness of george becker and other organ donors to promote transplant programs throughout california. >>> uc berkeley stirs up new controversy can scholarship fun for undocumented students. -- fund for undocumented
you've heard of fiscal cliff. have you heard about the apple tax. u.s. households spent $444 on apple products last year up from $155 years ago. story from reuters calls it the apple tax. median american income over $50,000 a year, which means $444 is a big chunk to wind up in the cupertino coffers of apple. unlike other taxes this is voluntary. >>> one family's tragedy inspires another's goodwill. now the two are united in promoting organ donations. 18-year-old alfonso garcia was...
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. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o.p. has stood imeps raising taxes. >> what we ought to be working on is the other 93%, because if you want to do what he wants on tax rates, you affect% of the deficit. we have spent ourselves into a hole and we're not going to raise taxes and borrow money and get out of it. so, will i accept a tax increase as a part of a deal to actually solve our problems? yes. ago am -- >> ama: the federal government is planning for the possibility of cuts. the white house ordered the military to plan on slashing 500 billion from the military, and funding for schools well be cut 8.2%. some outsid
. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve...
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going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >> reporter: it's a really scary thought. they have to solve this. >> grace lee, thank you. >>> a new study could change the current standard of care in breast cancer treatment. british researchers say that breast cancer patients who took tamoxifen for 10 years instead of the usual 5 were less likely to die from the disease. and less likely to have their cancer come back. >> if it's particularly in the second 10 years, that's very- ful i think for that group of women -- that's very helpful i think for that group of women who have been worrying until now. >> tamoxifen is a top breast cancer drug t
going over the "fiscal cliff" to most economists is really stupid. if it happens, we would go into a recession. >> reporter: and with no deal reached, who is to blame for all the this washington gridlock? just ask the american people. according to a new pugh research poll, 53% blame the republicans. 27% blame the president. we'll be watching. >> that's interesting, all those dollars that you just added up for california, multiply that by the other 49 states. >>...
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cliff. he spoke with boehner by phone again yesterday about preventing an income tax increase on middle class families while finding ways to reduce the deficit. economists say if the deadline passes without a deal the tax cuts could be repealed. new poll shows the president holding a substantial advantage over boehner handling the budget negotiations. 49% approve of mr. obama's handling of the talks, 25% support boehner. >>> 49ers fans who attend games at the new facility can expect a state-of-the-art stadium the team has announced a deal with sonny to pack the site with game-changing technology. fans will watch replays on l.e.d. monitors, 2500 throughout the facility offering resolution four times higher than standard hd, no need for a monitor in the back of every seat. you can use your cell phone to order food and have it delivered to your seat. >>> developer of two san francisco residental projects secured millions in funding to move forward. bloomberg is reporting one of the largest u.s.
cliff. he spoke with boehner by phone again yesterday about preventing an income tax increase on middle class families while finding ways to reduce the deficit. economists say if the deadline passes without a deal the tax cuts could be repealed. new poll shows the president holding a substantial advantage over boehner handling the budget negotiations. 49% approve of mr. obama's handling of the talks, 25% support boehner. >>> 49ers fans who attend games at the new facility can expect a...
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. >> the white house national economic council director discusses the fiscal cliff on monday and emphasizes the administration's position on higher taxes for the wealthy. he spoke at a center for american progress forum titled investing in the future, higher education, innovation and american competitiveness. this is 40 minutes. >> it is my great privilege to introduce gene sperling, director of the white house national economic council and assistant the president for economic policy. gene sperling also is a former senior fellow at the center for american progress, pro-growth progressive. and the connection between innovation, education, ensuring we have an economy that works for everyone. i want to say having served in the administration, there is no one in the administration who is more focused on america's long-term competitiveness, short term competitiveness, midterm competitiveness, when the president is talking about issues which are critical to him, america maintains its edges in the global economy, and all of its citizens to students to people dreaming about being the next generatio
. >> the white house national economic council director discusses the fiscal cliff on monday and emphasizes the administration's position on higher taxes for the wealthy. he spoke at a center for american progress forum titled investing in the future, higher education, innovation and american competitiveness. this is 40 minutes. >> it is my great privilege to introduce gene sperling, director of the white house national economic council and assistant the president for economic...
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talks about the fiscal cliff. after that, john podesta oh talks about tax laws. -- talks about tax laws. tomorrow morning's "washington journal does quote a representative peter welch talks about the fiscal cliff negotiations. -- " ashington journal" has representative peter welch talk about the fiscal cliff negotiations. after that, joseph schatz on estate tax. >> we are at the new york state museum. this is every gallery that is dedicated to the history of september 11 and the attacks on new york's world trade center. we have decided that this gallery could heltell the storyf the first moment of attack using objects found out the site. this is a he said steel from the south tower -- and this is a piece of from the south tower. because the visitor a real tangible experience. this is a piece of steel from the north tower. this is a germanic piece of steel. iece of steel.pic you can see where the windows would have been. every piece of steel is marked so you know which build theing, which floor. this one was picked
talks about the fiscal cliff. after that, john podesta oh talks about tax laws. -- talks about tax laws. tomorrow morning's "washington journal does quote a representative peter welch talks about the fiscal cliff negotiations. -- " ashington journal" has representative peter welch talk about the fiscal cliff negotiations. after that, joseph schatz on estate tax. >> we are at the new york state museum. this is every gallery that is dedicated to the history of september 11...
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off the floor, negotiations continuing over what is called the fiscal cliff -- the combination of tax increases and spending cuts unless congress takes action. that's live tomorrow, here on c- span. next, the government's role on innovation and the economy. participating in the discussions is glenn hutchins, a former adviser to bill clinton and the google public policy and government relations and vice- president. it was a nearly hour-long the event of the by the center for american progress. >> that is a tough act to follow. i'm al hunt. let me just give you one quick story. i met her when she was policy director for hillary clinton and barack obama. i did a column one time in which i referred to her as the sugar ray robinson of policy directors. it sugarn't remember ray robinson, he was pound for pound, the greatest boxer in the history of the game. when i see here, i say hi, sugar. one of my younger reporters over heard this and said is he old? he's just a different generation. i'm sorry, sugar. [laughter] >> i'm glad you explained that. >> is terrific to be here. what a great pane
off the floor, negotiations continuing over what is called the fiscal cliff -- the combination of tax increases and spending cuts unless congress takes action. that's live tomorrow, here on c- span. next, the government's role on innovation and the economy. participating in the discussions is glenn hutchins, a former adviser to bill clinton and the google public policy and government relations and vice- president. it was a nearly hour-long the event of the by the center for american progress....
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want to take you back to the fiscal cliff. not sure if you caught this, but house democratic leader nancy pelosi launched this effort to force a vote, force a vote on extending the middle class tax cut while letting taxes go up first of the year for the wealthiest 2% of americans. keep in mind, republicans own the house majority, so they control which bills, of course, come to vote. and they have not allowed a vote on the tax cuts. so pelosi has begun to circulate this petition and it would force a vote on the measure. they have to get the signatures just to get the vote to happen. if all house democrats sign the petition, she still needs just about two dozen republicans to come on board as well, and that could prove to be a pretty tough task. joining me now from washington, congressman steve israel, democrat of new york. congressman, nice to see you back here on the show. >> thanks, brooke. >> i understand you, yourself, have been reaching out to some of the house republicans on this. have you spoken to any of them? >> i have
want to take you back to the fiscal cliff. not sure if you caught this, but house democratic leader nancy pelosi launched this effort to force a vote, force a vote on extending the middle class tax cut while letting taxes go up first of the year for the wealthiest 2% of americans. keep in mind, republicans own the house majority, so they control which bills, of course, come to vote. and they have not allowed a vote on the tax cuts. so pelosi has begun to circulate this petition and it would...
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hopefully we will resolve the fiscal cliff, get an agreement. but i again ask my friend, the walz bill will be compliant with the rules. it will not have a blue slip problem, obviously. and hopefully we could move that bill. again, for the purposes of giving confidence to the 98% of our taxpayers who are making less than the sums put forward in the bill, $200,000, $250,000. i understand and anticipate the gentleman's response, that we are all concerned with growing the economy, creating jobs. we don't want to dampen that dam and we understand the gentleman's concern about small businesses, particularly those 3% of small businesses who make more than this and report it on a personal income basis. but i would hope that we could give serious consideration to trying to act sooner than the end of the year and as soon as possible, frankly, on the mid -- as we call it the middle class tax cut, the $250,000 and under and i yield to my friend to see whether or not perhaps the actions that have been taken this week have any bearing on his thoughts on whet
hopefully we will resolve the fiscal cliff, get an agreement. but i again ask my friend, the walz bill will be compliant with the rules. it will not have a blue slip problem, obviously. and hopefully we could move that bill. again, for the purposes of giving confidence to the 98% of our taxpayers who are making less than the sums put forward in the bill, $200,000, $250,000. i understand and anticipate the gentleman's response, that we are all concerned with growing the economy, creating jobs....
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if it works it might soften the blow if the nation does go over the "fiscal cliff" but fed chair ben bernanke says if a budget deal isn't reached, there is little the central bank can do to offset the shock of those spending increases and tax cuts. and holiday shopping is leading to more work. leading jobs placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. that's your moneywatch. for more, stay with cbsmoneywatch.com. in new york, i'm ashley morrison. >>> time now for a quick look at what's coming up later on "cbs this morning." norah o'donnell joins us from new york. >> good morning. great to see you. we're talking about drug smugglers today. they are getting bolder, moving up the california coast. so we are going on the ocean with the coast guard and their ships to try to stop them. also, we tip off the college basketball season, celebrating 75 years of march madness. never too early to talk about march madness. jim nance has called more final four games than anyone. we'll look back at the players, teams and march madne
if it works it might soften the blow if the nation does go over the "fiscal cliff" but fed chair ben bernanke says if a budget deal isn't reached, there is little the central bank can do to offset the shock of those spending increases and tax cuts. and holiday shopping is leading to more work. leading jobs placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. that's your moneywatch. for more, stay with cbsmoneywatch.com. in...
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cliff, the disastrous i ask unanimous consent sequences of our not acting, tax increases for every american taxpayer, massive cuts to defense at a time when the threats around the world are as varied and as great as we've seen in a long time. other essential programs of the federal government being affected by that. that's the last thing we need in this tepid economy with a lot of people out of work and hoping for some consensus to come together to provide a -- a long-term solution to our fiscal problem that continues to have a negative effect on our economy and more importantly, keeps people out of work. and so as that clock ticks, some are saying, well, partisanship is just too great in washington. the country's too divided. we're not going to be able to reach a consensus here in terms of how to address this problem. i disagree with that. over the last two years, and more, we have had a number of proposals brought forward on a bipartisan basis. it started with simpson-bowles, the former chief of staff to president clinton and al for a lon time, recognized asy two individuals that could ta
cliff, the disastrous i ask unanimous consent sequences of our not acting, tax increases for every american taxpayer, massive cuts to defense at a time when the threats around the world are as varied and as great as we've seen in a long time. other essential programs of the federal government being affected by that. that's the last thing we need in this tepid economy with a lot of people out of work and hoping for some consensus to come together to provide a -- a long-term solution to our...
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cliff. talks in washington are going nowhere. some republicans are speaking out against the gop's plans to fix the problem presented this week by house speaker john boehner. dana bash has the details. >> rates are going up they have to go up. >> the fact that the house gop leaders propose raising $800 billion in taxes is ruffling feathers in their own party. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves entry in the president's proposal like it is serious. >> gop senator jim demint said anti-government anti- tax paris. >> there are some that want to go the politically expedient route to give the president what he wants to get out of this mess. >> he is hardly the conservative upset with house republican leaders. the conservative action networks in this alert supporters sang card rep tell your representative tax hikes are not part of the solution. the e-mail included a not so subtle threat saying this infamous pledge cost george
cliff. talks in washington are going nowhere. some republicans are speaking out against the gop's plans to fix the problem presented this week by house speaker john boehner. dana bash has the details. >> rates are going up they have to go up. >> the fact that the house gop leaders propose raising $800 billion in taxes is ruffling feathers in their own party. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves entry in...
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. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay bridge enough that it is causing ponding on the embarcadero this morning that's what most of us are going to run into especially east bay highway 4 connects to 680 south of vine hill coming into concord pleasanton down to walnut creek latest update light to moderate rain especially overconcord and pleasant hill highway 4 bay point, pittsburg, antioch highway 4 commute which is usually treacherous any way is going to be wet. heavy rain starting towards san rafael,
. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right...
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cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and death to infants. the commission says it is a dangerous product with a faulty sign. coming up on "good morning america" at 7:00, why the makers are refusing to pull its product. >>> this afternoon cal will hold a news conference to introduce the bear's new coach, sonny dykes has hired yesterday to rebill the program he leaves louisiana tech after three seasons. this year -- his bulldogs led the nation in scoring. he runs spread
cliff, a northern virginia couple to highlight his push for extending current tax rates for everyone but the top 2%. new associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on...
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economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with th
economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months...
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Dec 8, 2012
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cut to avert the fiscal cliff. >> we must reform uncomplicated tax code by getting rid of unjustified loopholes. but the goal should be to generate new revenue by creating new taxpayers, not new taxes. >> in the republican response, marco rubio commenting that raising taxes will not solve the $16 trillion debt. a potential presidential candidate in 2016, he says only economic growth and reforming programs can control the debt. >>> former florida governor which are lee crist says he is a democrat now. he made the announcement last night and posted a photo holding a florida voter registration application. the former republican signed papers to change his affiliation to democrat at a christmas reception at the white house. >>> president barack obama is asking congress for more than $60 billion to help with sandy recovery efforts. the president made the request on friday on behalf of the states hardest hit by the october storm. in a joint statement, new york governor cuomo and chris christie said it would help their state rebuild. >>> yesterday marked the 71st anniversary of the pearl har
cut to avert the fiscal cliff. >> we must reform uncomplicated tax code by getting rid of unjustified loopholes. but the goal should be to generate new revenue by creating new taxpayers, not new taxes. >> in the republican response, marco rubio commenting that raising taxes will not solve the $16 trillion debt. a potential presidential candidate in 2016, he says only economic growth and reforming programs can control the debt. >>> former florida governor which are lee crist...
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cliff, if republicans do not give on this tax issue. listen to what he said. >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest -- remember, it's only 2%. >> john boehner, though, remaining firm in his position, though he says he's already giving, because they're acknowledging that revenue will go up in taxes through the way that they would like to see taxes go up, even though they don't want to see taxes go up, through closing loopholes and eliminating deductions. john boehner acknowledges that revenue is going to be part of this deal, but they are standing firm on, they will not agree to at this point to raising tax rates on anyone. so either way, the major issue remains. the major issue, the major hurdle remains the tax rate issue. >> right, right. and meantime it's ticktock, right? and the house is out as of yesterday. members are headed to their home states for a nice long weekend with no deal in sight. the majority leader, eric cantor, says he's g
cliff, if republicans do not give on this tax issue. listen to what he said. >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest -- remember, it's only 2%. >> john boehner, though, remaining firm in his position, though he says he's already giving, because they're acknowledging that revenue will go up in taxes through the way that they would like to see taxes go up, even though they don't want to see...
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Dec 5, 2012
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. >>> lawmakers on capitol hill have less than four weeks to avoid the dreaded "fiscal cliff." if democrats and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will automatically kick in. house speaker john boehner offered a republican proposal this week. but the president and democrats dismissed it because it includes no tax increase for the wealthiest americans. >> 60% of americans support asking millionaires to pay slightly more. >> there's only one person out of 307 million americans who can sign something into law, the president. >> boehner will meet with small business owners and the president speaks at a conference of corporate ceos. >>> citigroup is cutting 11,000 jobs. the bank says it's looking to cut expenses and improve efficiency resulting in $1 billion in charges. it's part of the restructuring. the company also said it plans to close branches. >> wow. >>> it is 6:21 now. we have a new multi-million dollar man. which giant signed a three-year deal with the team? >> plus, skills on and off the field. which 49er o
. >>> lawmakers on capitol hill have less than four weeks to avoid the dreaded "fiscal cliff." if democrats and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will automatically kick in. house speaker john boehner offered a republican proposal this week. but the president and democrats dismissed it because it includes no tax increase for the wealthiest americans. >> 60% of americans support asking millionaires to pay...
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. >>> as the fiscal cliff looms president obama is digging in his heels. ktvu alison burns reports the president says the wealthiest americans must pay higher taxes. alison. >> reporter: the president is refusing to agree to anything else unless taxes are raised on the wealthiest 2% of americans. in fact, there are some reports this morning that the president isn't even going to hold any other face to face or one on one meetings with republicans until they cave on that demand. john boehner was at the lighting of the if christmas tree last night. republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if he's willing to compromise with preside
. >>> as the fiscal cliff looms president obama is digging in his heels. ktvu alison burns reports the president says the wealthiest americans must pay higher taxes. alison. >> reporter: the president is refusing to agree to anything else unless taxes are raised on the wealthiest 2% of americans. in fact, there are some reports this morning that the president isn't even going to hold any other face to face or one on one meetings with republicans until they cave on that demand....
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Dec 10, 2012
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a lot of americans to not know a lot about the fiscal cliff. the confidence and a market reaction is very different than the spending cuts and tax increases. here is the fundamental point. i could be wrong, it happened once. why find out? it is irresponsible to govern the country this way. the sequester and across the board cut, it is bat policy. everybody knows it is bad policy. we are very close to doing it. i find the whole situation unsatisfying. host: our phone lines are open and you can also send us an e- mail. you work for a number of members of the democratic party. you work for the president. a question that comes up often is why there is a partisan divide. what has changed over the last 20 or 30 years? guest: we only have an hour so we cannot go through all of that. there are a lot of things. there are some extraordinary changes. politics as a con tact sport is a substantial change from when i worked on the hill. they did not agree on anything, but they enjoy each other's company. i have seen with my own eyes republicans and democrats
a lot of americans to not know a lot about the fiscal cliff. the confidence and a market reaction is very different than the spending cuts and tax increases. here is the fundamental point. i could be wrong, it happened once. why find out? it is irresponsible to govern the country this way. the sequester and across the board cut, it is bat policy. everybody knows it is bad policy. we are very close to doing it. i find the whole situation unsatisfying. host: our phone lines are open and you can...